Alibaba Leads USD1.1 Billion Investment in Indonesian E-Commerce Firm Tokopedia
Yicai Global | Xu Wei
DATE:  Dec 12 2018
/ SOURCE:  yicai

(Yicai Global) Dec. 12 -- Alibaba Group Holdings has joined SoftBank Vision Fund in leading a USD1.1 billion funding round for Indonesian e-commerce player Tokopedia.

The Jakarta-based unicorn will use the funds to build technology and infrastructure enabling millions of local businesses to grow as well as provide the best customer experience, according to a statement.

Softbank Ventures Korea and other existing investors also participated in the funding round.

Tokopedia is Indonesia's largest e-commerce company and provides a marketplace platform, as well as logistics, payment, and financial technology.

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